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2017 Annual Report

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2017 Annual Report 2017ANNUAL REPORT MESSAGE FROM THE CHAIR MESSAGE FROM THE CEO The past years have been ones of exciting It is a great privilege to have transformation and growth for the the opportunity to lead the Corporation. The work of the Board of Kingston Economic Development Directors deserves recognition. Representing Corporation and work under the both public and private sectors, we’ve community Board of Directors focused on bringing in members with unique to advance Kingston’s economy. and diverse insights and experiences. The With a dedicated team of Board of Directors invested significant business development officers time reviewing and updating policies, and supportive business and procedures, and performance indicators to community partners, we are ensure the best practices as an economic the sales officers for the city of Judith Pineault, Chair development organization are in place. We Donna Gillespie, CEO Kingston. To be successful at this, have formalized a service level agreement with the City of Kingston and set we have taken the Team Kingston approach –where we recognize the direction for working in tandem with the municipality. there are many individuals and entities involved in economic development and that as a team, we are stronger together. The Board of Directors undertook a national search for senior leadership and set upon establishing a new, separately incorporated destination With new foreign investments and global attention, we have marketing organization. With support from the community and an engaged expanded the city’s global reach by participating in and hosting Board of Directors, Kingston Economic Development achieved many international delegations. While going global, our commitment milestones. to the local Kingston business community has never wavered and increased focus on supporting export based, growth oriented This strong foundation has led to recent success in attracting new business businesses has been a priority. We have worked with the City to Kingston. This in turn has brought global attention by the Financial and community partners to develop workforce development Times in London, UK recognizing Kingston as the best small city in the and people attraction/retention strategies so that Kingston can America’s for Foreign Direct Investment Strategy. support today’s needs and needs of the economy of the future. We both look forward to continued success working with City Council and the business community to position Kingston as one of Canada’s leading economies. Team Kingston present in photo from left to right: Judith Pineault (Chair, Kingston Economic Development Corporation), Walter Fenlon (Imagine Kingston), Harry Kowal (Royal Military College of Canada), Garrett Elliott (Launch Lab), Mayor Bryan Paterson (City of Kingston), Donna Gillespie (Kingston Economic Development Corporation), Martin Sherris (Greater Kingston Chamber of Commerce), Maj Roger Pierce (CFB Kingston), Grant Goodwin (Innovate Kingston), Debora Rantz (Limestone District School Board), Drew Phillips (Launch Lab), Doug Ritchie (Downtown Kingston! BIA), LCol Ed Padvaiskas (CFB Kingston), Janice Mady (Queen’s University), Regrets: St. Lawrence College, Utilities Kingston, KEYS Employment Services, Correctional Services Canada. Cover photo by: Suzy Lamont • Design by: mutchmedia inc. ANNUAL REPORT 2017 2 KINGSTON ECONOMIC DEVELOPMENT CORPORATION VISION 2018 BOARD STAFF An innovative city where private and public Judith Pineault, Chair Donna Gillespie enterprises thrive, individuals and entrepreneurs Chief Executive Officer, Eastern Fluid Power Inc. Chief Executive Officer grow, and a diversity of people want to visit, Dave Carnegie, Vice-Chair / Treasurer live, work and do business. Senior Environmental Consultant, Malroz Engineering Inc. Kirk Smallridge Operations & Communications Officer/ Trevor Wilson, Secretary Corporate Secretary to the Board of Directors Senior Principal Consultant, Maven Wave Partners MISSION Bill Durnford Carey Bidtnes General Manager, Ambassador Hotel & Conference Centre Business Development Officer Provide dynamic and collaborative leadership Attraction & Aftercare by leveraging Kingston’s unique assets to create Don Aldridge jobs and investment in order to sustain, grow Executive Director, Centre for Advanced Computing Ella Vanderburgt and transform Kingston’s economy to meet the Gillian Watters Business Development Officer needs of the 21st century. We aim to be one of Program Director, KEYS Job Centre Retention & Expansion Canada’s leading economies. John Sheridan Retired CEO Ballard Power Systems & Corporate Director Katie Ross Business Development Officer Lyndsay Wise Startup & Youth Business Director, Information Builders CORPORATE VALUES Bryan Paterson Andrew Bacchus Mayor City of Kingston Business Development Officer & PRINCIPLES Emerging Sectors The Kingston Economic Development Laura Turner Councillor, Lakeside District Corporation is committed to: Yina Wang • Openness, transparency and accountability Gerard Hunt, ex officio Business Development Officer Chief Administrative Officer, City of Kingston for the use of all public funds; Chinese Markets • Highest standards of professional conduct; Rob Hutchison Councillor, King’s Town District Dajana Turkovic • Respect for client confidentiality; Business Development Officer Gary Oosterhof Workforce Development • Organizational excellence through efficient Councillor, Countryside District and effective operating procedures; Rob Kawamoto, ex officio Lindsay Robinson • Strong commitment to the best practices of Executive Director, Tourism Kingston Business and Community Relations Officer corporate governance. Thank you to our summer and seasonal students, Riley Hewitt (St. Lawrence College) and Sylvia McDermott (Queen’s University) ANNUAL REPORT 2017 3 KINGSTON ECONOMIC DEVELOPMENT CORPORATION of budget in 35% received $466,750 grants From non-municpal Grants dispersed to sources ECONOMIC DEVELOPMENT PRIORITIES local businesses 712 inquires 500 consultations Inquiries for support Consultations with and service local businesses and potential start-ups HIGHLIGHTS workshops events 56 delivered 1,502 participants Workshops and Workshop and event events delivered participants ANNUAL REPORT 2017 4 KINGSTON ECONOMIC DEVELOPMENT CORPORATION ECONOMIC DEVELOPMENT PRIORITIES ATTRACTION & AFTERCARE BUSINESS RETENTION Marketing Kingston as & EXPANSION a premier city for new Supporting local businesses to investment and supporting become more competitive, grow the onboarding of new new revenue and create new jobs developments. START-UPS, YOUTH WORKFORCE EMERGING DEVELOPMENT & ENTREPRENEURSHIP Attracting and retaining people Delivering programs and services SECTORS Identifying sector strengths, to live and work in Kingston to to support new business growth trends and future investment meet the needs of today’s and the next generation of opportunities employers and prepare for business leaders. workplace needs of the future ANNUAL REPORT 2017 5 KINGSTON ECONOMIC DEVELOPMENT CORPORATION ECONOMIC PERFORMANCE METRICS KINGSTON, ONTARIO AMERICAN CITIES OF Investment Attraction and Investment Aftercare Number of investment inquiries 215 Inquiries THE FUTURE 2017/18 Value of new investment and new jobs facilitated $245 million in new investment that can be attributed to direct EDO assistance announced with attraction 50 new jobs Business Retention and Expansion Number of consultations with local businesses 231 Consultations Number of inquiries for services 188 inquiries TOP 10 SMALL AMERICAN CITIES OF THE FUTURE Number of Value of new jobs and new investment 46 New Jobs 2017/18 FOREIGN DIRECT INVESTMENT STRATEGY RANK CITY STATE COUNTRY facilitated that can be attributed to direct EDO 96 Expanded Jobs 1 KINGSTON ONTARIO CANADA assistance and retention $3.8 Million New Investment 2 Oshawa Ontario Canada 3 Mobile Alabama US Number of Business Planning Programs and 56 Public Events and Workshops 4 Santa Clarita California US Seminars Conducted and Number of Attendees 1,502 Participants 5 Lafayette Louisiana US 6 Spokane Washington US 7 Lexington Kentucky US 8 Frisco Texas US Start-ups, Entrepreneurs and Youth Business 9 Richarson Texas US Number of Inquiries Received 309 Inquiries 10 Richmond British Columbia Canada Number of Consultations Provided 269 Consultations TOP 10 SMALL AMERICAN CITIES OF THE FUTURE Number of New Businesses Started Who are 80 New Business 2017/18 HUMAN CAPITAL AND LIFESTYLE Working with the EDO RANK CITY STATE COUNTRY 1 Tempe Arizona US Number of New Jobs Created by Business Who 117 New Jobs 2 Denton Texas US 3 Athens Georgia US are working with the EDO 4 Guelph Ontario Canada *Reviewed by Working Group: Desiree Kennedy, City Treasurer; Scott Carson, Professor, Smith School 5 Pasadena California US of Business; and Simon Froggatt, Managing Partner, KPMG. Reported and Received by City Council 6 KINGSTON ONTARIO CANADA November 28, 2017. 7 Arlington Virgina US 8 Irvine California US 9 Lincoln Nebraska US 10 Gainesville Florida US ANNUAL REPORT 2017 6 KINGSTON ECONOMIC DEVELOPMENT CORPORATION GOING GLOBAL Africa India Kingston Economic Development Corporation, in partnership with MAPP Africa, In celebration of India’s 70 Years of Independence, Kingston EcDev, Queen’s hosted a delegation of representatives from the Southern Africa Ambassador University and the India-Canada Association of Kingston welcomed the Indian Corps in June, 2017. Heads of Embassy Mission to Canada for Angola, High Commissioner in September, 2017. His Excellency Mr. Vikas Swarup
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